You would be amazed to know that yesterday three 99-years leasehold sites were launched in the market and they can construct up to 1955 new launch condo units. It is highly likely that most of the property developers are interested in these sites because they are situated in good locations.
The first site
It has been predicted that the site of Woodleigh Lane will gain the most attention from the developers. The next important site is the Woodleigh MRT. The best thing about these sites is that they lie next to the Nex shopping mall which means that you will get all the necessities of life without much hard work.
Some of the amazing features that you will come across in these sites are:
- The most famous schools like St Andrew’s Secondary, Maris Stella High, and Cedar Girls’ Secondary are near the sites
- It has the gross floor area of 58,641 sq m
- 10 to 16 bids have been drawn from the tender grounds
- The predicted top offers for the site are $750 to $830 and many others
- Within the up and coming Bidadari Estate
The second site
Serangoon North it is the second most important site that is located near the Avenue 1 and it has been connected with some of the famous colleges. Its proximity to popular food centre, Chomp Chomp and Serangoon Garden is one of the major attraction for the site. It is not close to the MRT station but there are many other benefits of having a home on this site.
The best thing about the land is that it is perfect for the young and the mature families that would love to live a life away from the hustle and bustle of the city. The bids on this site is estimated to be ranging from $850 psf ppr to $950psf ppr.
The third site
It is none other than the residential plot along Yishun Avenue 9. Unlike the other two plots which are in the confirm list for Government Land Sales (GLAS), this site will only be under the reserve list and will be released for sale of there is indication of interest by developer. Despite being a distance from the train station, this residential plot is within a mature HDB town. If the site is released for sales, experts believe that the bids for this site should be around $480psf ppr to $540psf ppr.
Refer to website here for more information
http://www.straitstimes.com/business/property/3-sites-put-on-market-could-yield-nearly-2000-homes
These 3 sites are yet to be sold, hence it will take a while before developers can market and sell them. If you prefer something that is already released for sale, consider the developments below.
- Highline Residences
- Sophia Hills
Upcoming New Launch Condos
